Information Disclosure Based on TCFD Recommendations

Information Disclosure Based on TCFD Recommendations

We believe that climate change is one of the most important themes for our company, whose mission is to create new value and “to promote health and happiness through the enjoyment of nature and the world around us.” We analyze the risks and opportunities that climate change will bring to our business, evaluate the impact that climate change will have on our business, integrate the response to risks and plans to take advantages of opportunities in our management strategy. We believe that this is important for the sustainable growth and enhancement of the corporate value of our company, as well as for contributing to the sustainability of society, and will disclose the progress appropriately.


The ESG Committee (established in May 2022) monitors CO2 emissions and activities to reduce them, deliberates policies and measures to deal with climate change-related risks and opportunities, and reports to the Board of Directors. The Board of Directors supervises and directs the appropriate promotion of measures to deal with climate change-related risks and opportunities based on the content of the report.
*In the fiscal year ended December 2022, ESG Committee meetings were held three times and the outcomes were reported to the Board of Directors three times.


To understand the impact across the Group, we have qualitatively assessed specific climate change-related matters that could have a significant financial impact over the time frame to 2030. In order to clarify the relevance of these matters to long-term business plans and the potential and quantitative impact on financial performance and financial position, we are proceeding with scenario analysis using published scenarios.
Risks and opportunity Changes in the external environment Impact on the business
Transition risks Policy and legal Introduction of carbon tax/increase in carbon tax rate Increase in costs
Market Soaring prices of coal, aluminum, plastics, and steel (iron ore)
Reputation A growing number of consumers regard climate change response as one of the components of brand value. Decrease in sales revenue
Physical risks Acute Intensification of typhoons and floods Decrease in sales revenue
Increase in investment costs
Chronic Decrease in outdoor recreation (cycling/fishing) opportunities for end consumers Decrease in sales revenue
Opportunity Products and services Expansion of the bicycle market as low-carbon mobility Increase in sales revenue

Risk management

At our company, the ESG Committee (established in May 2022) discusses the risks of climate change issues and reports to the Board of Directors. The Board of Directors receives the content of discussions and conducts supervision by reviewing them and giving instructions, as necessary.


We are currently identifying key indicators related to climate change-related risks and opportunities. For reference, our company’s Scope 1 and Scope 2 emissions are shown on the right.
The reasons for the year-on-year reduction in emissions in FY2022 include the fact that three domestic factories started purchasing electricity derived from renewable energy sources in FY2021, the effect was seen throughout FY2022, and we purchased renewable energy certificates at some overseas factories.

Scope 1 and Scope 2 emissions
(all production bases in Japan and overseas)
(Unit: t-CO2)

Scope 1

Scope 2